Council investment in buying buildings dropped by 56% in the first quarter compared to last year, while spending on new construction projects fell just 14% according to government data.
Housing should be considered infrastructure along with roads and rail to help solve the shortfall in UK homes, a housing association director has told the Labour conference.
Government investment in new-build homes in England has plummeted while spending on housing benefit has soared, according to the Chartered Institute of Housing.
